Tuesday ends down after tech sell-off

American markets fell further on Tuesday as the selling continued to impact technology stocks. The S&P closed -0.79% to 3,942 the Nasdaq -2,35% to 11,264. The TSX rose 0.44% to 20,286 as financial and energy stocks rallied.

Triggering the avalanche of selling were tech giants Snap Inc, down 43%, and Pinterest, down 24% compared to yesterday. Other significant movers included Abercrombie & Fitch at -29% and Meta Platforms Inc at -7%. 

Tourmaline Oil Corp and Nuvista Energy Ltd helped the TSX to close slightly higher than yesterday. They rose 4.17% and 4.44% respectively. Shopify was among the biggest losers of the day at -11%.

👻 Snap Inc. (SNAP-N) -43%

📌 Pinterest (PINS-N) -24%

👕 Abercrombie & Fitch (ANF-N) -29%

👤 Meta Platforms Inc. (FB-Q) -7%

🛢 Tourmaline Oil Corp. (TOU-T) +4.17%

⚡️ Nuvista Energy Ltd. (NVA-T) +4.44%

🛍 Shopify (SHOP-T) -11%